Property taxes pushing some buttons
POSTED: Monday, January 12, 2009 - 6:13pm
UPDATED: Thursday, April 8, 2010 - 12:49am
AUSTIN-The Texas State Legislature is back in session Tuesday and one topic that's going to be brought up this term is how to take some of the financial pressures off of homeowners. State legislation in the past has enacted plans to relieve this, but it just hasn’t worked.
As property taxes continue to increase as the economy worsens, the good news is legislation may have some breakthroughs. One Senate proposal would give cities and counties the right to let voters choose whether they would want to increase sales taxes by a half-cent and use the revenue to reduce property taxes.
Another idea proposed is putting caps on both annual property appraisals and local revenue.
Now property taxes is just one of the many issues effecting Texas homeowners and they say something needs to be done.